^
+ Follow PRUDENTIAL BANK Tag
PRUDENTIAL BANK
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 618608
                    [Title] => Bank execs' testimony sought in 199 graft raps vs ex-Navy men
                    [Summary] => 

The Office of the Ombudsman wants officials of the Land Bank of the Philippines (LBP) and the Bank of the Philippine Islands (BPI) to testify against retired Navy officers facing 199 graft and malversation charges.

[DatePublished] => 2010-10-08 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097363 [AuthorName] => Michael Punongbayan [SectionName] => Metro [SectionUrl] => metro [URL] => ) [1] => Array ( [ArticleID] => 539026 [Title] => 119 people hurt in Black Nazarene procession this morning [Summary] => MANILA, Philippines--At least 119 people were treated by the Philippine National Red Cross during the feast  of the miraculous image this morning. [DatePublished] => 2010-01-09 11:52:49 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1262583 [AuthorName] => Dennis Carcamo [SectionName] => [SectionUrl] => [URL] => ) [2] => Array ( [ArticleID] => 420835 [Title] => Ayaw ni Bolante matawag na bulaan [Summary] => AYAW ni dating Agriculture Undersecretary Jocjoc Bolante na matawag na bulaan. [DatePublished] => 2008-12-05 00:00:00 [ColumnID] => 135482 [Focus] => 0 [AuthorID] => 1805283 [AuthorName] => Jarius Bondoc [SectionName] => PSN Opinyon [SectionUrl] => opinyon [URL] => ) [3] => Array ( [ArticleID] => 80512 [Title] => BPI unfazed by rank downgrade [Summary] =>

The Bank of the Philippine Islands (BPI) is not in any way affected by its current ranking as the country’s third largest bank, which is a notch down from its previous second place ranking.

[DatePublished] => 2008-08-21 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1298072 [AuthorName] => Ehda Dagooc [SectionName] => Freeman Cebu Business [SectionUrl] => cebu-business [URL] => ) [4] => Array ( [ArticleID] => 381598 [Title] => BPI to sell P3-B bad loans in Q1 [Summary] => Bank of the Philippine Islands (BPI), the nation’s second-biggest lender by assets, plans to sell P3 billion of bad loans this quarter to help bring its bad-loans ratio below five percent next year.

The bank is in talks with at least three potential buyers of the loans, its president and CEO Aurelio Montinola told reporters yesterday. The bank has P18 billion of bad loans, equivalent to six percent of total credit, he said.
[DatePublished] => 2007-01-25 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 375101 [Title] => BPI sees 10% growth this year [Summary] => While loan demand was relatively weak for most of 2006, a strong asset base coupled with successful disposition of bad assets will keep the Bank of the Philippines Islands (BPI) on track of its 10 percent profit growth target this year, a top bank official said.

BPI president Aurelio R. Montinola III added that though spreads were down for the most part of the year, consumer lending was strong.

"As we reported to our stakeholders earlier, a conservative 10-percent growth in actual profit this year is on track," Montinola said yesterday.
[DatePublished] => 2006-12-15 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => Array ( [ArticleID] => 366419 [Title] => BPI income up 9.5% to P6.9B in first 9 months [Summary] => The Ayala-owned Bank of the Philippine Islands (BPI) posted a consolidated net income of P6.9 billion in the first nine months of 2006, or 9.5 percent higher than the P6.3- billion earnings in the same period last year, the bank said in a statement.

In the third quarter alone, net income grew to P2.3 billion, an increase of 11 percent from a year earlier.

BPI said a seven-percent growth in total revenues also contributed to the positive growth in income.
[DatePublished] => 2006-11-01 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) [7] => Array ( [ArticleID] => 336179 [Title] => Full integration of Prudential Bank with BPI completed by H2 [Summary] => The full integration of Prudential Bank into the Bank of the Philippine Islands (BPI) system is expected to be completed and fully operational by the start of this year’s second semester.

"The merger, including the full integration of our automation, is proceeding as planned," BPI president Aurelio Montinola III said during the formal launching yesterday of the Asian Bond Fund 2-Philippine Bond Index Fund (ABF2), the country’s first bond index trust fund to be managed by BPI Asset Management.
[DatePublished] => 2006-05-12 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) [8] => Array ( [ArticleID] => 332676 [Title] => BPI posts 27% income hike to P2.5B in Q1 [Summary] => The Bank of the Philippine Islands (BPI) recorded a P2.5-billlion net income in the first quarter of 2006, 27 percent higher than the P2-billion earnings in the same period last year.

"The improvement in the bottom line was mainly driven by a nine-percent rise in total revenues while operating costs were kept at manageble levels," the bank said in a statement.
[DatePublished] => 2006-04-22 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) [9] => Array ( [ArticleID] => 327199 [Title] => Banking M&A fever continues– Buy bank stocks [Summary] => Banking consolidation has been the major theme why Philequity has been overweight in the banking sector since 2004. Even if had you bought banking stocks 10 months ago – at the time when we wrote our article titled "The Hunter becomes the hunted – Philequity Corner, May 30, 2005" – chances are, you would be up more than 20 percent. We mentioned, back then, that opportunities abound for a new round of banking speculation similar to what happened in 1999 when Equitable Bank started an M&A frenzy after acquiring and merging with PCI Bank. [DatePublished] => 2006-03-20 00:00:00 [ColumnID] => 135252 [Focus] => 0 [AuthorID] => 1357954 [AuthorName] => Ignacio B. Gimenez [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
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